Shares & Derivatives
A Look at Sabana Shariah Compliant REIT’s (SGX: M1GU) 10% Dividend Yield and More
By Seedly  •  April 3, 2020

Sabana Shariah Compliant REIT (SGX: M1GU) (Sabana REIT for short) has a unit price of S$0.28 at the time of writing. 

At that price, Sabana REIT is valued at a price-to-book (PB) ratio of 0.5 and has a distribution yield (or technically known as distribution yield for REITs) of 10.4%. 

The REIT looks cheap based on its latest valuation.

But is Sabana REIT cheap for a reason? 

Let’s find out using my 10-step guide to pick the best Singapore REITs.

As a summary, here are the 10 steps I use to pick the best Singapore REITs:

Growth in Gross Revenue and Net Property Income Growth in Distribution Per Unit Property Yield of Between 5% and 9% Gearing Ratio of Below 40% Interest Coverage Ratio of Above 5x Healthy Portfolio Occupancy Rate Positive Rental Reversions Presence of Growth Prospects Acceptable Price-to-Book Ratio Distribution Yield of Above 5% Business...
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By Seedly
Launched in 2016, Seedly helps users make smarter financial decisions with its budgeting app which allows its 40,000 users to sync up their financial accounts and better manage their cash-flow. Last year, we introduced a new community feature which allows users to crowdsource knowledge from peers before making a financial decision.
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